6 months on rocket

1162 E Martin Luther King Jr Blvd, Los Angeles, CA, 90011

$850,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths
2,031 SqFt
$419/SqFt
Multi

Location

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1162 E Martin Luther King Jr Blvd, Los Angeles$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1947
CoolingWall/Window Unit(s)
FireplaceNone
ViewNone
MLS #CV24101464
Lot Size0.14 Acres
StatusActive

About 1162 E Martin Luther King Jr Blvd

Welcome to 1162 & 1162 1/2 E. Martin Luther King Jr. Blvd, a unique two-unit property offering abundant potential and opportunities. This promising LAR2 zoning investment property is nestled in the vibrant city of Los Angeles, conveniently located near schools, parks, churches, and downtown Los Angeles. Its prime location enhances its appeal, making it an ideal investment opportunity. The front unit comprises four bedrooms and two baths, while the back unit features three bedrooms and one bath. The spacious front unit accommodates multiple families or a large household comfortably. Additionally, solar panels are included and fully paid for, enhancing the property's sustainability and reducing utility costs.

Property Details

Property Features

Property Information:

  • Year Built: 1947
  • Stories: 1
  • Living Area: 2,031 SqFt

Listing Office:

  • Office Name: LA GOLD REALTY, INC.
  • Office Phone: (626) 333-9777
  • Listing Agent: Mercedes Gomez

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: via I-110 S and W Martin Luther King Jr Blvd ; via I-10 exit 10 Hooper south right on martin Luther king

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000
  • Price Per SqFt: $419/SqFt

Tax Information:

  • Annual Amount: $15,652
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

1162 E Martin Luther King Jr Blvd vs Los Angeles

184 DAYS ON ROCKET

+146 Days

$850,000

-$173.4K Less

$419/SqFt

-$222 Less

KEY TAKEAWAY

This property is $173.4K less than the Median Sold Price and $222/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #CV24101464

Listing Office:

  • Office Name: LA GOLD REALTY, INC.
  • Office Phone: (626) 333-9777
  • Listing Agent: Mercedes Gomez

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 10:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 31, 2006Home Sold
$555,000
Mar 30, 2006Home Sold
$555,000
Apr 04, 2005Home Sold
$400,000
Sep 29, 1995Home Sold
$169,000
Jan 20, 1995Home Sold
$94,000
Jan 17, 1995Home Sold
$94,000

Tax History

YEARPROP. TAXASSESSMENT
2021$15,652$605,396
2020$7,628$599,190
2019$6,252$618,000
2018$5,756$500,000
2017$5,756$460,000

History based on county public records data.

Payment Calculator

$4,310

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-579255
4
/10

  • Center for Advanced Learning

  • 4016 S Central Ave

  • 0.05 miles

  • Public Charter Grades KG-5

school-card-donut-579256
3
/10

  • Wadsworth Elementary School

  • 981 E 41st St

  • 0.21 miles

  • Public District Grades KG-5

school-card-donut-579257
3
/10

  • Quincy Jones Elementary

  • 900 E 33rd St

  • 0.35 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,350. Typical income of Los Angeles, CA residents is less than $35k annually. Residents typically live in married, with kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90011›1162 E Martin Luther King Jr Blvd

This home is located at 1162 E Martin Luther King Jr Blvd in Los Angeles, CA and zip code 90011 in the South LA neighborhood. This 2,031 square foot home, which was built in 1947, sits on a 0.14 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 21, 2024 and is currently priced at $850,000.

Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.

From Rocket Homes Real Estate and based on county public records data.

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